10/27/99

Julie Juergens, Graduate School of Business (650) 725-3232

Graduate School of Business honored for work in social stewardship

Stanford's Graduate School of Business is one of 10 academic institutions in the United States recognized for its pioneering work in creating programs to prepare MBA students to manage complex issues relating to business and social issues.

Julie Juergens, director of the school's Public Management Program, accepted the award on behalf of the Business School at an Oct. 7 ceremony in New York. The award was presented jointly by the World Resources Institute and the Aspen Institute's Initiative for Social Innovation through Business. The two organizations surveyed 313 business schools, singling out 10 for their management programs in social issues.

The award specifically recognized two Stanford Business School programs:

c MBAid, a nonprofit organization run by students to promote sustainable development worldwide. Participants in the program have worked in Bangladesh, Central America, Brazil, Cameroon and Vietnam.

c Start Up, founded by business school students to promote economic development in East Palo Alto through training, capital investment and other assistance to local business.

The Business School also offers a forgiveness program for student loans made to graduates who work for qualified not-for-profit organizations once they complete their MBA.

The Public Management Program was founded in 1971 by Arjay Miller, then dean of the school, to help bridge the gulf between business and government leaders. Since then, the program has expanded to include preparing MBA students to work more effectively in the nonprofit sector and practice social entrepreneurship as well. Each year the program selects one topic as the theme for a yearlong series of programs, speeches and activities. The topic for 1999-2000 is "Investing in Social Change." Other recent topics have included "Public/Private Partnerships" and "Social Entrepreneurship."

In addition to Stanford's Business School, the institutions cited for their work in this area were Case Western Reserve University, Harvard University, Loyola Marymount University, the Kellogg School of Management at Northwestern University, the University of Michigan Business School, the University of Notre Dame, the Wharton School at the University of Pennsylvania, the Katz School of Business at the University of Pittsburgh, and Darden School of Management at the University of Virginia.

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